AMC Entertainment (AMC) Rating Reiterated by B. Riley

AMC Entertainment (NYSE:AMC)‘s stock had its “buy” rating restated by research analysts at B. Riley in a research report issued on Friday, Marketbeat Ratings reports. They currently have a $27.50 price target on the stock, down from their prior price target of $30.00. B. Riley’s price objective would suggest a potential upside of 74.60% from the company’s current price.

Several other research firms have also issued reports on AMC. Wedbush set a $19.00 price objective on AMC Entertainment and gave the company a “buy” rating in a research note on Tuesday, February 20th. Zacks Investment Research lowered AMC Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada lowered AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 10th. Finally, Credit Suisse Group dropped their price objective on AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $23.04.

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Shares of AMC Entertainment (AMC) opened at $15.75 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $1,902.90, a P/E ratio of -4.20 and a beta of 0.84. AMC Entertainment has a 52 week low of $10.80 and a 52 week high of $32.10.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Thursday, March 1st. The company reported ($2.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($2.41). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. AMC Entertainment had a negative net margin of 9.59% and a negative return on equity of 5.81%. AMC Entertainment’s quarterly revenue was up 53.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. equities research analysts forecast that AMC Entertainment will post 0.3 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in AMC. Baupost Group LLC MA bought a new position in shares of AMC Entertainment during the third quarter worth approximately $52,411,000. Victory Capital Management Inc. bought a new position in shares of AMC Entertainment during the fourth quarter worth approximately $27,305,000. GMT Capital Corp increased its stake in shares of AMC Entertainment by 508.6% during the third quarter. GMT Capital Corp now owns 1,954,804 shares of the company’s stock worth $28,736,000 after purchasing an additional 1,633,604 shares during the period. Janus Henderson Group PLC increased its stake in shares of AMC Entertainment by 47.7% during the third quarter. Janus Henderson Group PLC now owns 4,142,367 shares of the company’s stock worth $60,893,000 after purchasing an additional 1,338,462 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of AMC Entertainment by 88.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,715,425 shares of the company’s stock worth $25,217,000 after purchasing an additional 807,304 shares during the period. Institutional investors own 49.57% of the company’s stock.

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AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.